Department of Posts under Ministry of Communications, on October 12, 2021 celebrated the Postal Life Insurance (PLI) day as part of National Postal Week.
- Department celebrates the National Postal Week every year in October, starting with the World Post Day on 9th October, the anniversary of the establishment of the Universal Postal Union (UPU).
- This year it has been decided to celebrate the PLI Day on 12th October 2021 during the National Postal Week, 2021.
About Postal insurance schemes
Department of Posts offers two types of life insurance schemes, namely Postal Life Insurance (PLI) introduced in 1884 and Rural Postal Life Insurance (RPLI) introduced in 1995.
- Postal Life Insurance (“PLI”) was started as a welfare measure for employees of the Postal Department in 1884 and was extended to employees of the Telegraph Department in 1888. In 1894, PLI extended insurance cover to female employees of P & T Department at a time when no other insurance company covered female lives. Benefits of PLI were available to government employees, like employees of central and state governments, PSUs, government aided educational institutions, nationalized banks, defence services and para-military forces. Recently, in September 2017, the benefits of PLI have also been extended to professionals (like engineers, doctors, bankers, lawyers, architects, journalists etc.) and employees of companies listed with National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
- Rural Postal Life Insurance (“RPLI”) was started in 1995 to provide life insurance cover to people living in rural areas of the country who have attained the age of maturity.
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